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Income Protection

Provides a regular income if you're unable to work because of accident or sickness.

  • Pays out if you're too ill to work because of an accident of sickness
  • Gives you monthly payments so you can continue to pay your bills when your income stops
  • Available as comprehensive or budget cover
Man in a leg cast on the sofa with his wife

Facts about LV= Income Protection

At LV= we believe that protecting regular income is at the heart of sound financial planning.

Some facts about LV= income protection:

  • We paid 90% of total income protection claims we received in 2016.
  • The average amount of benefit claim paid in 2016 was £14,695.
  • On average, our income protection claims last for 7 years, 7 months.

3 reasons for having income protection

  • It's becoming extremely hard to qualify for state benefit. Employment & Support Allowance for a single person over 25 in the 'support group' pays a maximum of £109.65 a week from April 2017. Most of us couldn't survive on this so private provision is becoming essential.
  • Nearly everyone has long term financial commitments and income protection provides long-term protection to cover these.
  • It costs a staggering £231,843 to bring up a child until they reach the 21 years of age [1]. The financial consequences of not having this cover are severe.

[1] LV= Cost of a Child survey 2016

Phone
Call LifeSearch on:
0800 072 1257

Mon to Thu 8am - 8pm
Fri 8am - 6pm

Existing customer?
0800 678 1906

8.30am - 6.30pm Monday to Friday

Calls may be recorded and/or monitored for training and audit purposes.

LV= have chosen to partner with LifeSearch to offer customers independent advice for protection products.

More about LifeSearch and your protection needs

Understand life cover

We've created lots of useful information to guide you through the process of finding which life insurance product is right for you.

Which product is right for you?

Why choose LV=

An insurance provider you can trust established in 1843.

  • 90% of new claims paid in 2016
  • UK's largest friendly society

Policy documents

  • Key features
  • Our services
View policy documents

Need to make a claim?

Speak to one of our experienced claims advisers to help guide you through the process.

How to make a claim